THE SANCTUARY @ GEYLANG

LORONG 30 GEYLANG
RESALE CONDODistrict 14
Aljunied MRT · 7 min walk (522m)RCRFreehold
Total Units
21
2Y PSF Change
+8.7%
1 txns in 24m
vs District
-5%
D14 median: $1,488
Median PSF
1,329
15.1% QoQ
Total Sales
8
since 2021-09
Price Range
$750k$1.1M
all-time
Unit Size
700 sqft
Floors 16
PSF MOVEMENT ALERT — 2024-Q2
Median PSF rose 15.1% quarter-on-quarter (from $1,224 in 2023-Q4 to $1,409 in 2024-Q2). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

THE SANCTUARY @ GEYLANG commands $1,409 PSF -- 5% below what District 14 typically fetches ($1,488 PSF). Aljunied MRT is 522m away (7-min walk), functional but not a headline selling point. Against PARC ESTA at $2,271 PSF, the 38% discount is worth examining closely.

Prices are up 8.7% over two years, reflecting genuine buyer interest without bubble-level exuberance. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, EUHABITAT has gained 3.1% over the same period.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

A boutique 21-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.

Nearby Comparables

DevelopmentMedian PSFYield2Y Change
PARC ESTA$2,2713.6%+7.8%
PENROSE$2,0923.3%+18.8%
SIMS URBAN OASIS$1,9034.0%+11.3%
EUHABITAT$1,4144.2%+3.1%
PARK PLACE RESIDENCES AT PLQ$2,2543.8%+4.8%

PSF Trend

Quarterly
857
2021-Q3
1,308
2021-Q4
1,354
2022-Q1
1,239
2023-Q1
1,474
2023-Q2
1,224
2023-Q4
1,409
2024-Q2

Recent Transactions

Data refreshed monthly · Last transaction: May 2024
DatePriceSizePSFFloor
May 2024$788,888560 sqft$1,40901-05
Oct 2023$830,000678 sqft$1,22406-10
May 2023$825,000560 sqft$1,47406-10
Jan 2023$840,000678 sqft$1,23901-05
Mar 2022$758,000560 sqft$1,35401-05
Dec 2021$865,000678 sqft$1,27606-10
Nov 2021$750,000560 sqft$1,34001-05
Sep 2021$1,135,0001,324 sqft$85706-10
Showing 8 of 8 transactions

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